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NDSIB
North Dakota State Investment Board Portfolio holdings
AUM
$2.46B
This Fund
S&P 500
This Quarter
Est. Return
+3.42%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.69B
AUM Growth
–
Cap. Flow
+$2.67B
Cap. Flow
% of AUM
99.25%
Top 10 Holdings %
Top 10 Hldgs %
39.78%
Holding
826
New
826
Increased
–
Reduced
–
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
|
+$273M |
| 2 |
NVIDIA
NVDA
|
+$149M |
| 3 |
Apple
AAPL
|
+$134M |
| 4 |
Microsoft
MSFT
|
+$127M |
| 5 |
iShares Core S&P 500 ETF
IVV
|
+$92.5M |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.16% |
| 2 | Financials | 10.73% |
| 3 | Consumer Discretionary | 9.06% |
| 4 | Communication Services | 8.67% |
| 5 | Healthcare | 8.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
ON Semiconductor
ON
$28.6B
| $784K | 0.03% |
+14,470
| New | +$742K |
|
402
Devon Energy
DVN
$51.8B
| $781K | 0.03% |
+21,314
| New | +$744K |
|
403
Restaurant Brands International
QSR
$27.8B
| $778K | 0.03% |
+11,400
| New | +$786K |
|
404
Waters Corp
WAT
$40.8B
| $776K | 0.03% |
+2,042
| New | +$751K |
|
405
Okta
OKTA
$22.5B
| $776K | 0.03% |
+8,969
| New | +$783K |
|
406
Live Nation Entertainment
LYV
$42.9B
| $773K | 0.03% |
+5,427
| New | +$780K |
|
407
Zscaler
ZS
$27.1B
| $773K | 0.03% |
+3,438
| New | +$970K |
|
408
DuPont de Nemours
DD
$18.6B
| $772K | 0.03% |
+6,405
| New | +$721K |
|
409
T. Rowe Price
TROW
$23.9B
| $768K | 0.03% |
+7,502
| New | +$774K |
|
410
United Therapeutics
UTHR
$22.2B
| $762K | 0.03% |
+1,564
| New | +$728K |
|
411
Rivian
RIVN
$23.5B
| $762K | 0.03% |
+38,648
| New | +$613K |
|
412
Brown & Brown
BRO
$24.4B
| $762K | 0.03% |
+9,555
| New | +$797K |
|
413
Ubiquiti
UI
$35.7B
| $754K | 0.03% |
+1,363
| New | +$862K |
|
414
lululemon athletica
LULU
$13.3B
| $749K | 0.03% |
+3,606
| New | +$653K |
|
415
Astera Labs
ALAB
$49.7B
| $738K | 0.03% |
+4,436
| New | +$742K |
|
416
Darden Restaurants
DRI
$25B
| $737K | 0.03% |
+4,007
| New | +$730K |
|
417
Expeditors International
EXPD
$24.7B
| $732K | 0.03% |
+4,913
| New | +$669K |
|
418
Curtiss-Wright
CW
$22.9B
| $729K | 0.03% |
+1,323
| New | +$738K |
|
419
Liberty Media Series C
FWONK
$26.1B
| $729K | 0.03% |
+7,403
| New | +$727K |
|
420
Williams-Sonoma
WSM
$27.7B
| $725K | 0.03% |
+4,057
| New | +$760K |
|
421
HP
HPQ
$27.2B
| $721K | 0.03% |
+32,350
| New | +$825K |
|
422
Casey's General Stores
CASY
$30.4B
| $720K | 0.03% |
+1,303
| New | +$717K |
|
423
Labcorp
LH
$27.2B
| $719K | 0.03% |
+2,867
| New | +$761K |
|
424
First Citizens BancShares
FCNCA
$24.8B
| $719K | 0.03% |
+335
| New | +$631K |
|
425
HubSpot
HUBS
$11.7B
| $718K | 0.03% |
+1,790
| New | +$741K |
|
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North Dakota State Investment Board's Q4 2025 Portfolio in Review
Q4 2025 is the first quarter with a 13F filing on record for North Dakota State Investment Board, which disclosed 826 positions worth $2.69B. Its ten largest holdings account for 40% of the portfolio.
Its largest position is iShares Broad USD Investment Grade Corporate Bond ETF: 5,241,476 shares worth $271M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, followed by Financials and Consumer Discretionary.
- North Dakota State Investment Board's largest Q4 2025 buy was iShares Broad USD Investment Grade Corporate Bond ETF: 5,241,476 shares worth $271M.
- North Dakota State Investment Board's ten largest holdings make up 40% of its $2.69B portfolio in Q4 2025.
- North Dakota State Investment Board disclosed 826 positions in Q4 2025, its first 13F filing on record.
Based on North Dakota State Investment Board's 13F filing for Q4 2025, filed 5 Feb 2026.